Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 8 October 2021 1:18 pm

  Gold Settled Ahead of US Data That May Boost Bets on Reducing Economic Stimulus

  

  Gold settled, ahead of the non-farm payrolls data in the United States, as some analysts expect strong data that reinforces bets on scaling back economic stimulus and push the yellow metal further down. And gold rose in spot transactions 0.1 percent to $ 1757.30 an ounce, while US gold futures …

  Read More »
• 8 October 2021 12:59 pm

  Nikkei Continues to Rise, Tracking Gains on Wall Street

  

  Japan’s Nikkei jumped for a second straight session, tracking gains on Wall Street and as investors snapped bargains after sharp declines this month, while Toyota Auto helped the Topix close higher for the first time in 10 sessions. The Nikkei rose 1.34 percent to close at 28,048.94 points, paring gains …

  Read More »
• 8 October 2021 2:49 am

  Could Cryptos challenge the USD’s dominance?

  

  The U. S. dollar’s dominant role in global markets is most likely to continue, but the rapid rise of cryptocurrencies may diminish the dollar’s status, according to a new paper by the Federal Reserve. Private digital currencies, such as Bitcoin and Ether, as well as government backed coins, could reduce …

  Read More »
• 8 October 2021 2:35 am

  What could nomination of Lael Brainard mean for Wall Street?

  

  Fed Governor Lael Brainard is getting closer to a key banking position as U. S. President Joe Biden studies who will chair the central bank and who will specifically supervise banks.Even without getting the Chair’s position, Brainard can be a major influence on banks. If she is not nominated as …

  Read More »
• 8 October 2021 2:14 am

  Bank earnings expected to take off, as Wall Street watches closely

  

  Investors will be watching loan numbers like a hawk when banks kick off earnings season next week.Any Fed’s tapering decision in the near future, with the prospected rising in the interest rates could help banks go ahead to widen their net interest margin and consequently the profits they make on …

  Read More »
• 8 October 2021 1:33 am

  Supply chain disruption threatens Black Friday shopping

  

  Retailers are racing to import the goods and gadgets for consumers to buy during holiday shopping season, the growing list of shortages has made it difficult for them to find enough stock. Due to inflation concerns, consumers expect higher prices, delays, and opportunistic resellers as Black Friday and Cyber Monday …

  Read More »
• 8 October 2021 1:10 am

  Markets optimistic ahead of the U. S. Payroll Data

  

  Market attention now shifts to the U. S. Nonfarm Payroll data. U. S. Fed Chief Jerome Powell has said that a good employment report could be enough to convince him on tapering.Markets are in a better mood on Thursday, amid news that U. S. Senate’s deal on extending the debt …

  Read More »
• 8 October 2021 12:56 am

  Closing prices for crude oil, gold and other commodities

  

  Gold for December delivery fell $2.60 to $1,759.20 per ounce. Silver for December delivery rose 13 cents to $22.66 an ounce and December copper rose 9 cents to $4.24 a pound.The U. S. dollar rose to 111.63 Japanese yen from 111.44 yen. The euro was unchanged at $1.1550.Benchmark U.S. crude …

  Read More »
• 8 October 2021 12:32 am

  Mnuchin warns of inflation risk, 3.5% Treasury yields

  

  U.S. government debt yields edged up Thursday, with the 10- and 30-year rates hitting their highest levels since June, as stocks advanced on a temporary debt ceinling deal by Congress and a drop in weekly jobless benefit claims. Steven Mnuchin, the former U.S. Treasury secretary, warned about the risks of …

  Read More »
• 8 October 2021 12:20 am

  U. S. dollar under pressure as risk appetite improve

  

  Commodity currencies and sterling are at the best levels of the day against the U. S. dollar as equities extend gains and oil up into positive territory.There’s an interesting inverse relationship to oil and the dollar unfolding when you might think it would be the opposite, seeing as how it …

  Read More »
• 7 October 2021 11:58 pm

  Gold Price consolidates around $1,760

  

  Gold, erasing yesterday’s gains touching 1767.27, is losing 0.31%. Gold is trading at $1,757.44 during the New York session.The XAU/USD price action in the last week has been dull. The yellow metal keeps trading within the $1,745 – $1,769 range, with no intention of going beyond the traditional territory.The market …

  Read More »
• 7 October 2021 11:00 pm

  Tiff Macklem warns of pressures from stimulus withdrawal

  

  Bank of Canada Governor, Tiff Macklem, said Thursday that Canada’s high inflation rate is largely related to the unique circumstances of the Covid-19 pandemic, although there is a risk it could be more persistent than policy makers had expected.Speaking virtually before the Council on Foreign Relations, in Washington, Macklem said …

  Read More »
• 7 October 2021 10:46 pm

  Lane: ECB is far from inflation red zone

  

  European Central Bank Chief Economist Philip Lane pushed back against warnings over accelerating inflation, saying there’s “very solid evidence” to believe that the current spike won’t last. “The red zone for everyone is if inflation became persistent at a number that’s immoderately above the inflation target,” Lane said on Thursday.“That’s …

  Read More »